- What A strata retail podium is on the market
- Why Nearly fully occupied, the podium has diverse tenant roster
- What next Marcus & Millichap has the marketing assignment
A retail podium on Vancouver’s busy Kingsway is looking to fetch bids around $45m, Green Street News can reveal.
The 64,000 sq ft podium, at the King Edward Village master-planned development, comprises 27 strata units and is 92% occupied. There’s 340 ft of frontage on Kingsway and 418 ft of frontage on Knight Street. Marcus & Millichap has the marketing assignment.
On the corner of Kingsway and Knight Street, the property is in the city’s diverse and highly sought after Kensington-Cedar Cottage neighbourhood, home to shops, restaurants and schools.
Tenants include Budding Children’s Garden & Daycare, Gold Key Insurance, Save-On-Foods, TD Bank and a Vancouver Public Library branch. The property has 205 parking stalls and street parking.
Built in 2009, King Edward Village has nearly 400 residential units. It’s 7 km southeast of downtown Vancouver and 5 km from Highway One. Trout Lake Park is several kilometres away.
